The Coretec Group and Core Optics Share Exchange Closing Date Extended and Continues to Move Forward

ANN ARBOR, Mich., Aug. 01, 2024 (GLOBE NEWSWIRE) — The Coretec Group (OTCQB:CRTG), developers of silicon anode active materials for lithium-ion batteries and cyclohexasilane (CHS) for electric vehicles (EVs), cleantech, and emerging tech applications, today announced that The Coretec Group and Core Optics, LLC have entered into an amendment to share exchange agreement which extends the closing date to no later than August 15, 2024. The delay is a result of continued efforts to meet final closing conditions, primarily the need for Core Optics’ accounting which uses Korean International Financial Reporting Standards “K-IFRS,” to be converted to US GAAP.

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